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The latest update is out from Keller Group plc ( (GB:KLR) ).
Keller Group plc has announced the purchase of 12,787 of its ordinary shares as part of its ongoing share buyback program. The shares were acquired at prices ranging from 1,544.00 to 1,564.00 pence, with a weighted average price of 1,557.8574 pence. This move is part of Keller’s strategy to manage its capital structure and potentially enhance shareholder value by holding these shares in treasury. The buyback reflects Keller’s confidence in its financial position and its commitment to returning value to shareholders.
The most recent analyst rating on (GB:KLR) stock is a Buy with a £1493.00 price target. To see the full list of analyst forecasts on Keller Group plc stock, see the GB:KLR Stock Forecast page.
Spark’s Take on GB:KLR Stock
According to Spark, TipRanks’ AI Analyst, GB:KLR is a Outperform.
Keller Group plc’s strong financial performance, characterized by revenue growth and improved profitability, is a significant positive factor. The stock’s low P/E ratio indicates potential undervaluation, enhancing its attractiveness. However, neutral technical indicators suggest a lack of clear momentum, which slightly tempers the overall score.
To see Spark’s full report on GB:KLR stock, click here.
More about Keller Group plc
Keller Group plc is the world’s largest geotechnical specialist contractor, offering a wide range of advanced foundation and ground improvement techniques across the construction sector. With approximately 10,000 employees, Keller operates on five continents and undertakes around 5,500 projects annually, generating an annual revenue of approximately £3 billion.
Average Trading Volume: 124,173
Technical Sentiment Signal: Strong Buy
Current Market Cap: £1.07B
For an in-depth examination of KLR stock, go to TipRanks’ Overview page.